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China's Trade Surplus Widened in December

Updated Jan. 10, 2003 2:43 a.m. ET

China's trade surplus widened to $3.16 billion in December, up from $2.11 billion in the same period in the previous year, Customs figures cited Friday by state media show. In December, exports rose 30.2% on year to $31.89 billion, slightly faster than market expectations which centered on an increase of 28.5%. Imports rose 28.4% year on year to $28.73 billion in the same month, slightly below the market forecast which centered on a rise of 30.5% on year. That growth rate is the slowest in four months. For the year, the results published in the International Business Daily confirm that China's trade surplus widened...